Background

The Company acquired the six unit multi-let industrial scheme in 2022 and undertook a comprehensive refurbishment of all units in 2024 to modernise and improve sustainability credentials and rental levels for the estate.

Aim/specification

The refurbishment works comprised:

  • Replacing all lighting with LED equivalents;
  • Replacing roller shutter doors;
  • Replacement roof and wall cladding;
  • New aluminium framed windows;
  • New doors and decoration throughout; and
  • New distribution boards, switchgear, containment, internal and external lighting, power, electric heating (welfare area only), fire alarm and intruder alarm.

Total cost of works

£1.0m

Impact on EPC

‘D’ to ‘B’

Outcome

The units are now fully let and the refurbishments have increased the headline rents from £9 to £11.50 per sq ft .

Before:

After: